How do I search for Forex scams?

How do I search for Forex scams?


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  1. Introduction
  2. What do I do if I have been scammed?
  3. How can lawyers help me if I have been scammed?



Introduction


The most important thing that one can do to avoid getting scammed is to learn how to trade the Forex market properly. The difficulty with this is to find trustworthy Forex brokers/teachers who can be trusted. The hobbyist should know that the broker has already made the money he says he has, and due diligence is the key here. 


The Forex market is not a casino but rather a very serious market where trillions of currency units are traded daily. Use demo accounts and learn how to make long-term profits first before real trading. Know that like any professional skill, it can take years to properly master Forex trading. Any claim that you can make money fast should be avoided.


Don't take the claims made on the face of it, take the time to do your own analysis. An inexperienced trader should be decisive in their approach, analyzing stats and creating their own functions which they test and succeed in demo account first. This will take time to achieve but will serve the inexperienced trader better than trusting an automated computer program. Do not rush to invest that is "too good to be true".


Other things a person might want to check is the authenticity of the company making the claims or selling the experience/course. To do this, check the location/jurisdiction where the company is registered, as a lot of scammers will trade forex from a place where they believe local law will make it difficult to sue them internationally.



What do I do if I get scammed?



If you have been tricked, report the fraud to the appropriate authority. For the United Kingdom, go to http://www.fca.org.uk/consumers/scams/report-scam.

Additionally, it is a good idea to tell your story to the forex community so that other individuals do not fall for the same scam.

 

How can law firms help me if I get scammed?



A leading mid-sized international law firm with a team of experienced lawyers who specialize in Forex fraud. Assists traders in civil and criminal proceedings against unregulated forex brokers, cyber scammers, and pyramid schemes created on a structure on who also specializes in legal proceedings against binary options trading companies.


Forex Lawyers recently participated in:


More than £ 1.5 million refund from the International Merchant Return Network ("TIRN")


TIRN has promised high returns ranging from 9% - 22% by using "professional money managers" to invest in the forex market. However, in reality, none of the trader's money was invested in the market and TIRN operators embezzled around $ 15 million USD for their own benefit.


Investor lawyers advise at Finanzas Forex



Forex attorneys advise investors from Italy, Spain, Portugal, Malta, Scandinavia, Latin America (Brazil, Argentina, Colombia, Ecuador, and Mexico) who have fallen victim to Finanzas Forex and the related Evolution Marketing Group (“EMG”). Finanzas Forex is now under liquidation and Giambrone continues to help traders recover funds from this scam.


Forex attorneys also represent traders and investors in collective legal proceedings relating to Telexfree, AGF Markets, LBinary, NRGbinary, and others.


All a forex victim needs to do to initiate a claim is to complete an online claim form and submit it back to Giambrone.


You will then be contacted by a Forex attorney who will advise on how to proceed.